July crude output rises in Saudi Arabia, Iraq, and Iran but dips in UAE, says IEA
Deep News
Aug 12
The International Energy Agency (IEA) reported in its monthly publication that oil production in Saudi Arabia, Iraq, Kuwait, and Iran saw a month-over-month increase in July, while output in the United Arab Emirates declined following attacks on shipping in the region.
Saudi Arabia crude supply rose by 900,000 barrels per day (bpd) to reach 8.2 million bpd in July.
UAE crude production fell to 3.9 million bpd.
Iraq output climbed by 470,000 bpd to 2.9 million bpd, Iran production increased by 330,000 bpd to 2.6 million bpd, and Kuwait output grew by 290,000 bpd to 1.8 million bpd.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.